View more on these topics

Inter-Alliance still seeking partners

Inter-Alliance says it is still looking for consolidation partners after its merger talks with Berkeley Berry Birch collapsed last week.

The listed IFA rejected speculation that it would need a further injection of funds to stay afloat and said it would become cashflow positive in the final quarter of the year, delayed in part by the costs of the merger negotiations.

Inter-Alliance issued a better than expected trading statement last week showing revenues up by 23 per cent in the first quarter of 2004 compared with the same period last year.

The firm has stripped costs out of the business, reducing the number of premises from 59 to 26. Adviser numbers grew by 11 per cent to 1,208 at the end of December 2003 from 1,088 in January 2002. Inter-Alliance says it will develop its PMH Alliance non-regulated business which was putting £1m a month revenue through the firm by the end of 2003.

Inter-Alliance chairman and chief executive Keith Carby says: “We continue to look to consolidate and are totally committed to our strategy of building an independent advisory firm with scale in the market.”

Durlacher analyst David Pannell says: “Inter-Alliance surprised us with good trading figures. They have not been losing advisers, trading has been good and they have got to grips with their overheads although there are residual issues around whether they have got enough cash.”


Man Investments – Man Global Strategies Diversified Series 2

Type: Capital protected fund of hedge funds Aim: Income or growth by investing in managed futures and hedge funds Minimum investment: Lump sum $ 50,000, euros 50,000, CHF 50,000 Place of registration: Bermuda Investment split: 33.3% arbitrage, 30% managed futures, 15% directional, 13.4% equity hedge, long/short equities 8.3% Term:13 Years Return: Capital bonds 12-15% growth […]

Brokers warned on principal ties

Mortgage brokers shopping around for a principal to tie themselves to should be wary of making the wrong decision and end up regretting it, senior industry figures have cautioned. Speaking at a panel session debating mortgage regulation at the Money Marketing Live conference in London last week, brokers were told to ensure that they choose […]

Stop EU inflicting more damage

IFAs must be looking skywards and asking whatever god they worship when the PI nightmare is going to end. The screw is to be turned tighter still by the EU. From 2006, IFAs doing both insurance and investment business will have to have £1m PI coverage to comply with the insurance mediation directive and a […]

Universal Building Society – Two-Year Fixed Rate

Type: Fixed-rate mortgage Fixed term: Until July 1, 2004 Fixed rate: 4.99% Minimum loan: £20,000 Maximum loan: Up to 95% of valuation subject to a maximum of £500,000 Income multiples: Up to three times principal income plus second or 2.5 times joint Conditions: Capital repayments of up to 10% a year permitted without penalty Arrangement […]


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm